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of course its friend, china is on the security council and has blocked those kind of actions in the past, jenna. jenna: interesting that you mentioned china. is there any indication that the north koreans had help from the outside? any sort of outside country with this launch? >> reporter: well there is no evidence per se but it is widely known that the north koreans could not get the parts for their ballistic missile program without having those parts flown through china, bypassed through china. there also have been reports on the voice of america that an iranian team of scientists have been seen recently, in recent days in north korea. so there is questions about the relationship between, and any help that may have been provided to the north koreans by the iranians. clearly the north koreans are very proud of this long range ballistic missile launch. the one in april failed miserably. and for the first time then they admitted that it did fail publicly. this time they extended the window and did not invite foreign journalists to watch this and simply announced when it was successful. th
is the october trade balance, with american importing a record amount of stuff from china. that increased our trade deficit to $42.2 billion. u.s. exports fell 3.6%, the biggest drop in almost four years. imports also fell, down 2.1% to the lowe in month n ll street,he dow gained 78, the nasdaq rose 44, the s& up nine. >> susie: our next guest says the fed's stimulus policies have been good for the u.s. economy and the markets. he's mike holland, chairman of his money management firm, holland and company. >> susie: mike, you heard erica's report. which do you think is more important for investors, fed policy action tor the fiscal cliff talks? >> right now, susie, the fiscal cliff talks are clearly the item dejure for the stock market. i think most people expect exactly what eric miller was talking about from the fed. and bern bueno ben bernanke hasn transparent and telling people well in advance what he is going to do. the $85 billion should continue building up for our taxpayers balance sheet. >> susie: how does all of this play out in the markets. all of the bond buying, companies are stil
think the world will look like. it's fascinating. it shows china on the rise, the west in decline and china overtaking the united states in size of economy by the year 2030. here are the key findings of the new intel report. it's interesting reading. a majority of the world's population by 2030 will be out of poverty for the first time in world history. there will be wars over food and water and natural resores. populations will continue to rise and there will be recurring global economic crises but when you think about this, you think about how far we're going here. you've got asia, china in particular will be dominant. it will be stronger than its been anytime since middleages. there will be no more pax americana as its known. china will be a big driver and india will be growing like china is today. they talk about how the world is changing. it's like no other time since the french revolution. remember in the late 18th century, the industrial revolution, except it's happening more quickly. it's taking a tenth of the time for china and asia to rise quickly. let me read to you som
'm with the world journal. could you address growing chinese assertiveness in south china sea and east china sea? and given china just announced they will intercept the ship's that go into territorial waters. so are you going to participate in upcoming defense talks with chinese? and what message do you want to tell them? thank you. >> well, thank you for that question. of course the issues that are being placed today in a south china sea and other areas in the north and central, east asia, i think are quite complicated because of the nature of the territorial disputes, some of them historic, some of them now driven by the need for access to resources in those areas, and that's i think to some degree has motivated some of the activities that you see, seeing there. the u.s. position as you know is that we don't take sides on territorial disputes. there's many of those around the globe, not just in the south china sea. but we do want them resolve peacefully, without coercion. and that we call on all the parties there, including the chinese, to ensure that as they approach these problems that they
for its missile program in china. we know they buy things for their gas centrifuge program in china. some things are made in germany. probably made in the u.s. china has been a major gap in this whole system. on sanctions and north korea could face tougher action from china might constrict some of its ability to buy things that it absolutely needs for its nuclear programs. jon: you think it is likely american-made technology is helping north korea with its missile program? >> could be. i don't know the missile program nearly as well as the nuclear but what north korea does, it uses china a sense as a transshipment point because many companies, high-tech companies from america, from europe, have subsidiaries in china, selling to chinese industries and trading companies. north korea works that system very well to end up with those kinds of high-tech items from outside china. and so while i can't speak specifically on the missile program i certainly can on the nuclear and yes, indeed, north korea buys european high-tech equipment and likely u.s. equipment. so it's a problem. china has been m
and move it over to china, cut your wage rate by 80%, produce there, bring the products back into the united states and then the huge new profits you make, share those with your shareholders and the executives. and that's where i disagree this globalization, free trade. they have really been unfair. one place i agree with hoffa. he was with me in the 90s. they are bringing mexican trucks into the united states, driving them on american highways, mexican drivers into rounder-cut american teamsters. i think that's wrong. i think the teamsters -- >> greta: yeah, yeah. but the united states is fighting that, they are shifty. they were saying that they were trying to prevent the trucks from coming into the country not as a trade issue, but saying it was a safety issue. there are a lot of games that the u.s. played on that. >> we weren't playing games. i said, why can't you make american teamster who is make high wages, they can't compete with a teamster in mexico who makes a fifth of the salary, driving on american highways. i think hoffa was right. but when they talk about a civi
. >> brian: millions of dollars in a green company only to sell it to china? stewart varney with another waste of your money. he's coming up now. ♪ it's my favorite time of year again and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is cash back on top of other rewards i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? ♪ >> gretchen: if you are just waking up it is 17 minutes past the top of the is it like a fire sale on america interest? china buying up u.s. compani
's what couple of south korean analysts are telling the associated press. one speculates that china has put on pressure to stop the launch and north korea may have complied with china's demand. keep in mind china does not want to see destabilization of the reason nor does it want a tightening of sanctions or war in an already impoverished country which might lead to refugees streaming into their next door neighbor, china. >>> iran claims it decoded all of the data from a stealth cia spy drone it recovered last year, all of it. the revolutionary guard general claims the drone did not carry out missions before it went down near iran's border with afghanistan. iran claims it took control of the drone and brought it down, but it's still unclear whether iran's military actually captured it or if it simply crash landed somewhere in iranian territory. last week the iranians claims they captured another u.s. spy drone. the navy reports it's not currently missing any drones, so that would not stand to reason. >>> crowds of people saw somebody commit a murder in manhattan today, midday, on a busy
to pyongyang. press articles hail the fact that china in anticipation of the recent launch had begun inspecting cargo on north korean ships in search of contraband. the question this raises is why has chi gnat not been inspecting north korean ships since 2006 as called for in a u.n. resolution, reinforced by another resolution in 2009. if u.n. member states would only enforce the sanctions currently on the books, north korea would be unable to ignore the swer national community and the civilized world. the time for coordinated international action is now. the time, in fact, is long overdue. with that, mr. speakering i reserve the balance of our time. the speaker pro tempore: the squom from florida reserves. the gentleman from california, mr. berman is recognized. mr. berman: thank you, mr. speaker. i rise in strong support of h.con.res. 145 as amended and yield myself such time as i may consume. sproy the gentleman is recognized. mr. berman: i would like to thank the sponsor of this legislation, ms. ros-lehtinen, for her leadership on this issue and her work in addressing the north korean threa
. ultimately it helped to work. a lot of people supported that. people say, apple, they do business in china. these workers are virtually slaves. i will never own the stock. if that is the case they missed out on an investment unless they bought two weeks ago, an investment of a lifetime. so where do you find the way to draw the line? i've got to tell you something, this thing is urban outfitters is more reflective of society, not a company of really the have garrity in society today amongst young people is at the point where i talk about this all the time. i think pendulum has swung so far it can't get much further. lori: do you the think the stock surge up 34% year-to-date, urban outfitters because of shocking nature of stuff? kids in way to rebel and spicy putting it as nicely as i can? what is going on with the store that is generating interest? >> they are ahead of the curve. real hip store called supreme. they have a location in l.a. and soho. urban bought them. it was a brilliant move. this was underground success. they sell it throughout everywhere. it is a real smart retail play. i
in congering this new horizon under his leadership. you have these leadership changes in china and japan next week, and it gives them a leg up in coming back to the negotiating table as a stronger country because they've demonstrated this long-range technolo technology. >> so you look back at april and the embarrassing failed launch. it has a lot of people wondering how this successful launch could come so quickly on the heels of the other, and it also has people asking who may be helping north korea at this time. obviously, iran enters into the picture when people do discuss this. is this something that is a game change for us in terms of how to deal with north korea and iran at the same time? >> i think it's a pretty big deal. the april launch was not successful, but if you track their launches going back to 2006, the 2006 and particularly the 2009 tests were fairly successful. so the fact that this one came about, whatever happened in april was something, some mechanical problem was catastrophic, but this test was clearly a success. yes, there is cooperation between iran and north korea. e
in places like china? >> yeah, well, take this robotic device i just-- this is a medical device and under the obamacare law, medical devices will be subject to a tax because they have to pay for obamacare. >> paul: yes. >> this is the sort of thing, if we keep doing will suppress the growth of technology in this country and then again, there's the issue of immigration policies. a lot of this technology driven by engineers who come from asia, silicon valley and has been the result of immigration into the united states. if we don't stand in the front of these things, we can grow. >> paul: dan, thank you. coming up in our second half hour, a look ahead to 2013. is the economy poised for a comeback or high unemployment continues to drag us down. get ready for obamacare, what to know as key provisions kick in. ♪ constipated? yeah. mm. some laxatives like dulcolax can cause cramps. but phillips' caplets don't. they have magnesium. for effective relief of occasional constipation. thanks. [ phillips' lady ] live the regular life. phillips'. >> live from america's news headquarters, i'm heather
like china? >> well, take the robotic device . this is a medical device. under the obama care law medical devices will be subject to attacks because they have to pay for obama care. this is the sort of thing that if we keep doing will suppress the growth of technology in this country, and then there is the issue of immigration policy. a lot of this technology drefn drefn -- t driven by engineers and silicon valley has been the result of immigration in the united states. if we don't stand in front of these things we can grow. >> thank you. >>> coming up in our second half hour a look ahead to 2013.k is the economy poised for a come back, or will slow growth and high unemployment continue to drag us down? and get ready for obama care. what you need to know as some key provisions kick in. >>> it was terrifying moments at a phoenix bank. workers arrived to find one of their co-workers with a device around her neck, but the device was harmless. she was taken hostage the night before and held against her will overnight. police say the man who did it took her to the bank this morning and
it anymore. he wasn't satisfied with outsourcing thousands of jobs to low wage china when he was on the board of gateway computer. he wants to turn michigan into the same low-wage environment we see in china. >> reporter: as you look at state troopers out here right now, some are equipped with batons. look at their hips. what they have on their hips there are gas masks. you can see some weapons they're carrying. nonlethal weapons that would be used to dispurse the tear gas if it was needed to. as we bring up we heard someone shouting in the background it has been a peaceful demonstration. it has. there was trouble on the first day. eight people were arrested. a little bit of tear gas went out. here in this demonstration, things have been peaceful. nothing more than a lot of people showing up in numbers expressing discontent with the legislature and the speed with this legislation and speed which it moved through the legislature, jenna, mike, we saw a sign behind you. it said there is war on workers in the state of michigan. what is the primary gripe of unions and their members? >> reporter: w
. if you look at the facts, 32% of our manufacturing base has been gutted and sold to china, india, any foreign country that has cheap labor. the top patriotic american companies are parking their profits and offshore accounts so they do not have to pay a fair share of their taxes. the bottom line is since the late '70s, the wealthiest 2% in this country are making 25 times their wealth that they made a black -- back then. there are only paying 40% more in taxes. this country is doomed if we do not start putting terrace of the imports coming into this country. the republican party is selling you an outright lie. thank you. host: let's show you a facebook posting. the economist and professor at the university of maryland will be with us and about 25 minutes or so. he will take your calls and give you his economic outlook for 2013. he has written a lot on the matter. from west virginia, independent. caller: is, sir. i would just like to say that i am not very optimistic above the future of the united states right now. we are in so much that it is pathetic. our budget is way over. this pre
it over the last 8 years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from $5 trillion from the first 42 presidents, number 43 ed a $4 trillion by his lonesome so we now have over $9 trillion of debt that we're going to have to pay back. $30,000 for every man, woman and child. that's irresponsible. it's unpatriotic. >> so, unpatriotic. >> the hypocrite in chief says in 2008 that 5 from is unpatriotic but now we're up to $16.4 trillion. that's okay. by the way we move my credit card limits. he doesn't want a debt ceiling going forward. >> debt ceiling no more can congress deal when the president says we're going to raise the debt ceiling. no squabbles back and forth. >> let me get this straight. borrow $4.8 billion a day and now we're coming to the edge ever the fiscal cliff. republicans are saying hey, let's continue the bush tax cuts, let's make this fair for everyone but let's stop spending. we are spending more than we have. democrats are saying now they are saying it doesn't matter, we are not focused on the deficit any
with this, the british, the french, the germans, russia, china, they all tend to view this as a proliferation problem. the conversation between iran and the other side tends to be about that issue, very narrowly focused. to kind of move that conversation, you have to figure out a different kind of architecture. the five plus one process, as such, is designed to deal with the corporation issue and the composition is that has to do with the iranian violation of the mpt and there have been 62 -- six security council resolutions that suggests sanctions. there are two countries who suggest that the issue between -- that this is not a proliferation issue but has to do with the character of the regime and one of them is israel who does not view this as strictly an arms dispute and the second one is iran who similarly suggests that although it is an arms control issue, they are really using arms control as a way to undermine the regime. there are two actors in this particular conflagration who are not accepting the argument being that this is about nuclear infractions as oppo
to help china, and china is the biggest abortion country in the world. when you throw all this into a big mixture, you cannot blame the gun. host: thank you for the call and comment. a bitter fight had on gun control, according to the washington post. we are following some of the options on what is next. speaker boehner is confronting a political cliff over the budget track is, putting out that the speaker's leadership and legacy remained at stake. they point out that in a show of support, house leader eric cantor. at a news conference with the speaker in a call to extend the tax rates. some have urged congressman tom price of georgia to challenge john deere for the job. much more on what is next for the fiscal cliff. one week before we reach that point. the deadline is december 31, january 1. the president is in hawaii. the house and senate are also in set -- in session this week. elliot engel, weighing in on a number of topics, including rumors that former republican senator chuck a bill could be nominated as defense secretary. you heard from the president on friday as he nominated sena
. as far as china is concerned, we don't tariff, we don't put that high of a tariff on their imports but yet i don't know the exact numbers but i believe it's a lot higher that they tax our imports in their country. and the whole thing with jobs. he created the apple scommuret in california in his garage but yet when he got successful he moves all his company over to china, giving chinese people jobs. if steve jobs was born in china he wouldn't even have a garage therefore he wouldn't be able to create the apple computer. so i just think we just don't do enough for the people of this country. and the people who are in position to create jobs and do this do not reinvest in the country. therefore i don't think they should get tax breaks. if you want to give these corporate giants tax breaks then give it to those who want to invest in the country, who want to create jobs here, not overcease, and they think try to think of ways to get their money over there into here lower than say the american businessman paying 35%. guest: i mean, i understand your frustration. i think part of it is th
panels in the world in china, also bought one of the solar panels. so they have brought a lot of money in for that small college. we need to have consistency in america and committing ourselves to preserving the environment, protecting us from global warming which is real and we need leadership coming from the white house every day saying we need to do something about global warming. that hasn't happened yet. my hope is in president obama's second term he'll be the leader of the world and not lagging behind the other nations in doing something about global warming. >> you're a nuclear engineer at one point, promoted nuclear energy. how do you make the distinction between nuclear energy for good use, good purposes, and for bad use? and iran's argument that they are creating nuclear energy for power and not as a threat to the united states, speak to the link between energy and national security. >> i was in charge of a development of the second atomic submarine and i was an early nuclear physicist. that was my graduate work. i had what's convinced then and now nuclear power for peaceful
you. dagen: a new report by the u.s. intelligence reveals china will have the world's largest economy by 2030. the councils global trend report takes into account factors such as localization and the environment. europe, japan and russia are also expected to continue to decline. connell: a matter of time, as they say. this fox business exclusive, we will talk about the war on business. it was a record year for anti-trust funds. dagen: the sanctions against iran. if this policy will change anything over there. the state of the economy and why it matters to you and this, the cost of crude oil. take a look at it. more than $86 a barrel. stubbornly high. ♪ >> announcer: you never know when, but thieves can steal your identity and turn your life side down. >> hi. >> hi. you know, i can save you % today if you open up a charge card account with us. >> you just read my mind. >> announcer: just one little piece of information and they caopen bogus accounts, stealing your credit, your money and ruining your reputation. that's why you need lifelock to relentlessly protect what matters most...
] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to squawk. happy monday. today in the "wall street journal" suggesting netflix could end up doomed with its success with children. netflix just for kids get more popular. companies like viacom get accurate. companies provide netflix with most of its content in a kids' focused section. the journal says at some point the suppliers will probably want to charge netflix more or they might even stop selling to netflix. that's been a huge problem for them when it comes to contend more broadly. >> time for the global markets report. kelly evans standing by in london. you rise above over
in germany or alabama. want them in lexington, kentucky or china? >> you mentioned germany. volkswagen opened a plant in chattanooga a few months ago, 2,000 new jobs. bob corcoran was down there. 2,000 jobs, every one of which started at $14.50 an hour. >> right. they're not all going to be at -- >> so volkswagen was moving these jobs here because we're the low wage country compared to germany. >> dude, are you suggesting we push these jobs away? >> i'm not. >> i would rather americans have a shot at a $17 an hour job than having it in china. >> i agree. >> find a way to do better. i actually agree with you. but you have to understand the consequences are pretty severe for american lifestyles. >> again, though, i'm sorry, mike, but the consequences are, we have two choices, we can't get 1965 wages, we either have these jobs in china or lexington, either have them in alabama or germany and this is at least for some of -- a chance for younger americans to get some good jobs. >> joe, if you're taking a job that pays $14.50 an hour. it means one of two things, a, you don't have a job so you're ge
want to compete with china by lower ourselves to the standards that they have that is just not the way that america is going to lead the world. it's not going to be the way that we feed our people. i read an article in salon that says that michigan has given up and it will become a service-own state. >> eliot: it's a shame to watch. one last question, there is much commentary, and rightly so, that these have been rammed through a lame duck legislature. would these bills have passed next year, what do you think would they have been able to do this? >> i think it would be a lot of tougher. there are a number of republicans who have close ties to labor but you know, the other weird thing, eliot because they were jammed through in the space of two days by using those maneuvers to do it, you'll never know the answer because nobody had a chance to work on people, to comment whether they would be persuaded. >> eliot: governor granholm, thank you for joining us tonight. >> thanks, eliot. (vo) this friday current tv presents a special event. >> nobody knows disasters like comedians. that's wh
be a big problem. like impact of the china syndrome had on the power industry many years ago. >> they see potential economic motive behind it. promised land was funded in part by the government of abu dahbi that sits atop the six largest gas in the world. they wonder if they benefit from film that raises opposition to increase prod duction in the u.s. bret? >> bret: john, thank you. four people are dead after the midway got hit with the first major snowstorm of the season. the storm threatens to december interrupt some of the nation's - -- disrupt some of the busiest airports ahead of the holiday weekend. they could guarantee white christmas in some places, that, of course is good news. along with several travel headaches, that's the bad news. with one procedural vote out of the way, the house as you look live there is now voting on a bill to replace the sequester. then it's on to the vote for plan "b." we are 12 days away from falling off the fiscal cliff. the latest movement, we will explain the house movement tonight when w the fox all-stars when we come back. (announcer) when subaru o
credit rating. what are we doing to try to get it back? by 2030, china will be the largest economy. they base it on the size of the economy, population, military spending, and investment in technology. >>> our fourth story, selling a fix. with just 2 d2 days until the fiscal cliff kicks in and we all go sailing off. we're hearing a lot of talk between the president and house speaker. apparently, these are behind closed doors because they're talking over or at or something not good at each other. here is president obama in detroit on his plan to raise taxes on families making more than $250,000 a year. >> that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks. >> is the tough talk road show working for the president tonight? ben is a former press secretary for the obama campaign. he had a vacation that's why he looks healthy now. and republican strategist terry holt. good to see both of you. terry, i want to start with you. the most recent poll we have says by a margin
invited a number of us to go with them to china. it was quite an experience. senator stevens -- of course, another world war ii veteran -- had flown the first cargo play plane into what was then peking in 1974. and senator inouye was well-regarded in china for that service. and so the group of norse -- there must have been -- and so the group of norse -- ther of se must have been a dozen of us -- got together with the leaders of china. we were accorded every courtesy we could possibly be accorded because of the presence of senator inouye and senator stevens. they were like brothers. they called one another "brothers." they acted that way in private. they served that way in the senate as chairman and vice-chairman and vice-chairman and chairman of the appropriations committee. they single-handedly shaped our american defense posture and they did it with skill and pay troivmen--and patriotism and the that very few could have. several senators have mentioned how bipartisan dan inouye was. he was of the old school. not a bad school for today, in my point of view. he treated each senator with
to pay toward china and the middle east will not let him. there was a successful sabotaging program against iran's nuclear program and a ery new approach of iran's central bank and other institutions that continues to enrich uranium. is kind of're seeing the twilight of america's cold war imperium in the middle east. the u.s. will have a relationship with the new egypt but it will not be the relationship of a client state that we saw with's the minority -- hosni mubarak or on war said sadat. is the changing relationship in the country like pakistan after the osama bin laden raid and in states like yemen. they look over the horizon that bahrain and say, we do not want that. host: one of the papers this morning has a story taking a look at the change in leadership in specific countries in asia and highlighting what is going on in north korea, south korea, and japan. what does that prove for the administration? guest: you can put north korea in the same category as japan and south korea. they have taken power and have produced leaders but are still checked by the open society and by th
a tiny fraction of this to deal with china or russia t our nuclear arsenal isn't stopping iran from trying to achieve its nuclear weapon. these are sad, missed opportunities to right size the military which will still be the most powerful in the world by far. for us to deal with veterans' needs. mr. mcgovern: additional one minute. the speaker pro tempore: the gentleman is recognized. mr. blumenauer: for us to deal with the threats that we face today, to deal with the damage that we have done in the misguided war in iraq. to be able to deal meaningfully with the guard and ready reserve that should be upgraded and healed from the damage that was inflicted upon him. we can provide far more real security, save tax dollars, deal with the needs of veterans that are about to be, sadly, undercut , and provide balance to our budget. because, in fact, the fiscal instability for reckless -- from reckless bills like that is in fact a national security threat. we are no longer going to be able to pay almost half the world's entire military budget. we should start by rejecting this authorization
was packing up jobs and shipping them off to china. not the case. >> bill: got caught with that lie. >> the very last batch of twinkies from the shuddered hostess company has gone on sale. it is now basically gone. super value grocery chain in chicago made the final purchase from hostess. they got an order of 20,000 twinkies. they went on sale monday at 150 different stores. pretty much all gone by yesterday. >> bill: oh, my god. how about that. you don't think they ate them. >> save them. >> they'll stay good for awhile. >> bill: sell them on ebay. yes, i have to tell you department of labor last night holiday party. hosted by secretary of labor hilda soliz and i talked to a couple of international labor presidents there lee saunders from afscme, joseph nigro from the sheet metalworkers. president jim hoffa from the teamsters was here on the program with us on monday. all of them said of course they're outraged by what happened in michigan. michigan just forcing through the republicans in the legislature, fo
since april of last year. the trade gap with china did hit an all-time high. will fred industries is the latest offering special one-time payments. the company is boosting its quarterly dividend 20% to 16 and a half% a share payable on december 28. the website planning to streamline its operation and focus its resources on engagement innovation and customer satisfaction. that is the latest from the fox business network. giving you the power to prosper. ♪ with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $600 when you open an account. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price.
has two two -- [inaudible] where do syria people expect to go -- china, russia, support the assad's regime? >> we noted the opposition made gains, the assad continues to lose control over syria. it is no mystery that we were disappointed in the failure of the security council because of a lack of agreement by some members to take actionings through -- actions through the council with assad and work with our international partners to pressure assad and assist the people of syria and the opposition, that that work continues. >> represent china? >> i think i addressed that question. >> thank you, sir. >> john? >> thank you. the world's financial community is watching this fiscal cliff process closely with concern. the parties fail to reach a deal before jan -- january 1, what assurances do you have that america will not default on its debt? >> well, we addressed the issue of the debt ceiling, and the president's firm belief it is unconceivable that -- and unacceptable that leader in congress want to engage in brinksmanship witnessed in 20 # 11 on the issue of making sure the united s
video of a dramatic rcue in china. a young woman getting money from an atm machine is grabbed from behind and then a knife is put to her throat. there you see it. you can see the man holding her. a special unit of police and professional negotiators dispatched immediately to the scene after two hours finally able to take him down. wow. patti ann: the u.s. government is the nation's largest assett holder managing nearly 900,000 buildings and 640 million acres of land. in short hundreds of billions worth of assets that it could sell off to pay down the national debt. some say it's time for the government to start selling. william la jeunesse is live with that story for us. >> reporter: when trying to reduce federal spending any single line item is either diminished as a droop in the bucket or praised at ever penny count. although no individual program will solve this budget crisis what to peel do when money is tight, when you're already borrowing money for every dollar you spend? you raise money with a garage sale. from state-owned businesses like amtrak to vacant buildings like thes
three behind canada and china, about $460 billion a year. so lot of levers we can use here. of that $460 billion, a huge amount is tourism. is it really worth them sort of gaining this venal corrupt image with this violence. do they want o pay the millions and millions, possibly hundreds of millions in lost tourism just so they can do whatever it is that the corrupt local government is doing to this? >> steve: one of the things is this guy is being charged with is he brought into the country of mexico a gun used by the military, ammunition used by the military as well. you know what? that is flat out not true. this is a case that is so easy to dismiss and yet, we're five days away from christmas and that guy is sitting down there. >> brian: it takes some high ranking person in the state department to pick up the phone and say, get him out of there. >> steve: how about the president? they've got cable in the white house. they're watching fox news channel. that would be great for that family if he -- >> brian: even they get satellite dish. even if it's direct tv, they probably still get us
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